In range-bound movements, lead prices edged up 0.19% in futures trade today as speculators enlarged their positions, taking positive cues from the firming trend in the overseas markets.
Fresh demand at spot markets from batery-makers also helped lead to trade higher at futures trade.
At the MCX, lead for delivery in May moved up by 20 paise, or 0.19%, to Rs 107.25 per kg, in a turnover of 2,314 lots.
The June contract gained 15 paise, or 0.14%, to Rs 108.15 per kg, with a business turnover of 284 lots.
At the London Metal Exchange, lead was up by 0.2% to $1,944 a tonne in early trade today.
Analysts said creation of fresh positions by speculators, supported by a firming trend in base metals at the LME, helped lead prices to rise at futures trade.
In addition, pick-up in demand at domestic spot markets from battery makers also supported the upside in metal prices, they said.
This upside in prices was also supported by the weakening rupee in the domestic market. A weak rupee makes import of dollar-denominated commodities more expensive.
